Guess the Dow Contest Winner Announcement
Company News and Press Releases
VantagePoint Intermarket Analysis Software Awarded to Contest Winner
Wesley Chapel, FL, February 06, 2009 –In collaboration with TraderPlanet.com, the highly acclaimed social networking website for active traders and investors, which recently announced the winner of its “Guess the Dow ” contest, Market Technologies, LLC, made available the latest version of its flagship software product, VantagePoint Intermarket Analysis software, valued at $10,000.00, to the winner. The contest offered members of the website the chance to win a cash prize of $2009.00 from TraderPlanet, in addition to the software prize from Market Technologies, by correctly predicting the closing price of the Dow Jones Industrial Average on Friday, January 30, 2009, the last trading day of the month.
H. David Allick, a dentist from Rockville, MD, won the contest by guessing that the close would be 7995, only five points away from the actual close. He expressed shock at being announced the winner and commented that while the current economic crisis has impacted his retirement, he recommends to other traders to “hang tough because there are many positive opportunities, they’re just harder to find.”
When asked what he would do with the winning cash, Dr. Allick indicated that he would allocate a portion to his trading account and donate $500.00 of it to the American Society for the Prevention of Cruelty to Animals (ASPCA), the charitable organization that was featured in January as TraderPlanet’s Charity of the Month. Market Technologies, a ‘Conqueror’ corporate member of the TraderPlanet website, participated as a contest sponsor by awarding the software as a prize to the winner, to help promote the contest and stimulate more awareness of the ASPCA as a worthwhile charitable cause, particularly in today’s economy where defenseless animals have been affected adversely by the downturn.
Using artificial intelligence technologies involving the pattern recognition capabilities of artificial neural networks applied to technical analysis and intermarket analysis, Market Technologies’ flagship software program, VantagePoint, finds hidden patterns and relationships between twenty-five related markets and the target market to analyze and forecast price movements for more than 600 global markets each day. The ability to examine the effects of markets on one another has become critical to successful trading in today’s highly volatile, globally-interconnected markets, where single-market methods of analysis, particularly trend-following, lagging approaches, have become dangerously outdated.
“Market Technologies has partnered with TradePlanet.com to work toward the common goal of assisting traders and investors, so they can become more successful in the financial markets. We hope they, in turn, will share their success with others less fortunate through charitable giving to such worthy organizations as the ASPCA” said Louis Mendelsohn, CEO of Market Technologies.
About Market Technologies () Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, Market Technologies is a fast-growing, Inc. 500 company and recognized world leader in market forecasting with trading software customers in more than 90 countries worldwide. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis to forecast various commodity and financial markets throughout the world. These presently include, but are not limited to, stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex, covering more than 600 world markets.